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QUESTION 14 When preparing the Statement of Cash Flows, Cash from Customers is determined by starting with Sales, then which of the following is
QUESTION 14 When preparing the Statement of Cash Flows, Cash from Customers is determined by starting with Sales, then which of the following is the next step? O adding an in increase in inventory O subtracting an increase in accounts receivable O adding a decrease in accounts payable O subtracting a decrease in accounts payable QUESTION 15 Consider preparing the Statement of Cash Flows using the Direct method. When determining the net cash for merchandise (inventories), start with Cost of Goods Sold and do which of the following adjustments? O add an increase in inventory and add a decrease in Accounts Payable O subtract an increase in inventory and subtract a decrease in Accounts Payable O subtract an increase in inventory and add a decrease in Accounts Payable O add an increase in Inventory and subtract a decrease in Accounts Payable 8 points SaveAw points Save
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